Retail in Asia

SingPost combines e-commerce businesses to form new unit

Singapore Post (SingPost) is combining its e-commerce division with two recent acquisitions to form a new business unit called SP Commerce.

SP Commerce includes US e-commerce provider TradeGlobal, which focuses on high-end apparel and beauty products, and US e-commerce logistics firm Jagged Peak, which serves the fast-moving consumer goods industry.

Marcelo Wesseler, CEO of SingPost’s current e-commerce arm, will be the CEO of SP Commerce. He told The Business Times on Monday evening: "The most significant aspect of the combination is that we have e-commerce leaders coming together into one completed unit. Customers can now work in the US and seamlessly expand to Asia-Pacific and China."